Newfield Exploration Co. (NYSE:NFX) – Analysts at Piper Jaffray dropped their Q1 2018 earnings per share estimates for shares of Newfield Exploration in a research note issued to investors on Wednesday, April 18th. Piper Jaffray analyst D. Kistler now forecasts that the energy company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.88. Piper Jaffray has a “Buy” rating and a $48.00 price target on the stock. Piper Jaffray also issued estimates for Newfield Exploration’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.94 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $4.16 EPS.
A number of other equities research analysts have also recently commented on NFX. Bank of America raised shares of Newfield Exploration from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, January 4th. BMO Capital Markets reiterated a “hold” rating and issued a $36.00 price objective on shares of Newfield Exploration in a research note on Sunday, January 14th. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Monday, January 15th. Cowen set a $40.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, KLR Group lowered shares of Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.30.
NYSE:NFX opened at $28.11 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $5,260.69, a P/E ratio of 13.07, a P/E/G ratio of 0.73 and a beta of 1.53. Newfield Exploration has a 12 month low of $22.72 and a 12 month high of $37.00.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. Newfield Exploration’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. HBK Investments L P lifted its holdings in shares of Newfield Exploration by 11.9% during the 4th quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock worth $572,000 after acquiring an additional 1,932 shares during the last quarter. Amalgamated Bank lifted its stake in Newfield Exploration by 5.3% in the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares during the last quarter. Stifel Financial Corp lifted its stake in Newfield Exploration by 6.6% in the third quarter. Stifel Financial Corp now owns 41,739 shares of the energy company’s stock worth $1,239,000 after purchasing an additional 2,589 shares during the last quarter. Swiss National Bank lifted its stake in Newfield Exploration by 0.4% in the fourth quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock worth $23,171,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Ashburton Jersey Ltd lifted its stake in Newfield Exploration by 4.4% in the fourth quarter. Ashburton Jersey Ltd now owns 72,850 shares of the energy company’s stock worth $2,297,000 after purchasing an additional 3,100 shares during the last quarter. 99.82% of the stock is owned by institutional investors.
In related news, Director Thomas G. Ricks acquired 8,250 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of $23.78 per share, with a total value of $196,185.00. Following the acquisition, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total transaction of $381,000.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
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About Newfield Exploration
Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.
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